USO United States Oil Fund LP Weekly Chart Analysis: 2026-Apr-15 07:11 CT

Price Action

• Last: 123.85,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Apr

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 118.00,
• 4. Pvt. Next: Pvt high 139.48,
• 5. Levels R: 140.00,
• 6. Levels S: 118.00, 106.45, 94.43, 69.25, 65.99, 60.67.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 152.65 Up Trend,
• (Intermediate-Term) 10 Week: 133.85 Up Trend,
• (Long-Term) 20 Week: 88.31 Up Trend,
• (Long-Term) 55 Week: 76.77 Up Trend,
• (Long-Term) 100 Week: 74.08 Up Trend,
• (Long-Term) 200 Week: 70.48 Up Trend.

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

USO has experienced a dramatic surge, with recent weekly bars showing large ranges and fast momentum, indicating heightened volatility and a possible exhaustion move. The short-term swing pivot trend has shifted to down (DTrend), suggesting a pullback or correction phase after a sharp rally. However, the intermediate and long-term trends remain firmly bullish, supported by all major moving averages trending upward and price well above these benchmarks. Resistance is marked at 140.00, with multiple support levels below, the nearest being 118.00. The price is currently consolidating after a parabolic move, and the market may be digesting gains, with potential for further volatility as it tests support and resistance levels. The overall structure suggests a strong uptrend on higher timeframes, but short-term traders should be aware of corrective pressures and possible mean reversion after such an extended move.